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Direct linkSanders, Shane; Weisman, Dennis L.; Li, Dong; Grimes, Paul, Ed. – Journal of Economic Education, 2008
The cross-price elasticity concept can be difficult for microeconomics students to grasp. The authors provide a real-life application of cross-price elasticities in policymaking. After a debate that spanned more than a decade and included input from safety engineers, medical personnel, politicians, and economists, the Federal Aviation…
Descriptors: Economics Education, Microeconomics, Decision Making, Travel
